Farther Finance Advisors LLC Buys 9,500 Shares of BigBear.ai Holdings, Inc. $BBAI

Farther Finance Advisors LLC lifted its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 1,376.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,190 shares of the company’s stock after acquiring an additional 9,500 shares during the period. Farther Finance Advisors LLC’s holdings in BigBear.ai were worth $69,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BBAI. Goldman Sachs Group Inc. increased its position in shares of BigBear.ai by 569.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after acquiring an additional 1,990,822 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of BigBear.ai during the first quarter worth $3,811,000. Headlands Technologies LLC acquired a new position in BigBear.ai during the first quarter worth $1,806,000. Vanguard Group Inc. boosted its holdings in BigBear.ai by 9.2% during the first quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company’s stock worth $18,091,000 after purchasing an additional 534,963 shares during the last quarter. Finally, Swiss National Bank acquired a new position in BigBear.ai during the first quarter worth $1,045,000. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Stock Performance

Shares of BBAI opened at $7.18 on Monday. The firm has a 50-day moving average of $6.05 and a 200-day moving average of $4.94. BigBear.ai Holdings, Inc. has a one year low of $1.47 and a one year high of $10.36. The company has a market cap of $2.66 billion, a PE ratio of -4.99 and a beta of 3.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $32.47 million during the quarter, compared to analysts’ expectations of $41.18 million. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. BigBear.ai’s quarterly revenue was down 18.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Analysts Set New Price Targets

BBAI has been the subject of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Saturday, September 27th. HC Wainwright reduced their target price on shares of BigBear.ai from $9.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.00.

Insider Activity

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the completion of the sale, the chief financial officer owned 296,345 shares in the company, valued at approximately $1,585,445.75. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

About BigBear.ai

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.